Title: Comparative analysis of European corporate governance regulatory environment - recent developments

Authors: Victoria Krivogorsky; Gun-Ho Joh

Addresses: Charles W. Lamden School of Accountancy, College of Business Administration, San Diego State University, San Diego, 92182, CA, USA ' Charles W. Lamden School of Accountancy, College of Business Administration, San Diego State University, San Diego, 92182, CA, USA

Abstract: The purpose of this exercise is to examine recent advances in corporate governance regulatory environment in European countries that are members of the European Union. The importance of such a study stems from the increasing importance of European economies in the global market. With this in mind, significant differences in corporate governance systems continue to exist on a per-country level that may create a predicament for market globalisation and the cross-country firms' comparability. While such differences do not affect a firm's accounting practices, some standards may instead imbue strong exogenous effects on decision making that ultimately lead to measurable differences in financial statements' properties.

Keywords: international diversity; business environments; corporate governance; Europe; EU regulatory environment; regulation; European Union; market globalisation; cross-country comparability; accounting practices; decision making; financial statements.

DOI: 10.1504/IJEBR.2013.057211

International Journal of Economics and Business Research, 2013 Vol.6 No.4, pp.419 - 442

Published online: 30 Dec 2013 *

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